Shares of TSS Inc. (NASDAQ:TSSI - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $28.75, but opened at $23.00. TSS shares last traded at $21.07, with a volume of 2,692,297 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of TSS from a "buy" rating to a "hold" rating in a report on Monday, June 23rd.
Check Out Our Latest Analysis on TSSI
TSS Stock Performance
The firm's fifty day moving average price is $23.86 and its 200 day moving average price is $15.00. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $531.93 million, a price-to-earnings ratio of 59.06 and a beta of 1.67.
TSS (NASDAQ:TSSI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $43.97 million for the quarter. TSS had a net margin of 3.87% and a return on equity of 121.89%.
Insider Transactions at TSS
In related news, SVP Kieran Brennan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.50, for a total transaction of $67,500.00. Following the completion of the sale, the senior vice president directly owned 318,000 shares of the company's stock, valued at $4,293,000. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.94% of the company's stock.
Institutional Investors Weigh In On TSS
Several hedge funds have recently modified their holdings of TSSI. Bank of America Corp DE bought a new stake in shares of TSS in the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC bought a new position in TSS in the fourth quarter valued at about $42,000. Caitong International Asset Management Co. Ltd increased its position in shares of TSS by 1,265.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,187 shares of the company's stock worth $150,000 after buying an additional 4,807 shares during the period. Bank of Montreal Can acquired a new position in TSS during the 2nd quarter worth approximately $202,000. Finally, Wells Fargo & Company MN purchased a new stake in TSS in the 4th quarter valued at $114,000.
About TSS
(
Get Free Report)
TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments.
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